Disclosure of interest u/s 184

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meenakshi (Querist)
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21 March 2015 Hi, I have appointed a person as additional director on 13/03/2015 and after that my company next board meeting is 19/03/2015 in which that person give a notice of nil disclosure. Now Is my company is liable to file it in MGT-14?

Bhaskaran Chackrapani Warrier

Bhaskaran Chackrapani Warrier (Expert)
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21 March 2015 'Nil disclosure' is also a 'disclosure' and hence MGT-14 has to be filed.

meenakshi

meenakshi (Querist)
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21 March 2015 But there is circular issued by MCA on 18.03.2015 which states that, there is no need to file MGT-14. Can you please help in understanding that.

Bhaskaran Chackrapani Warrier

Bhaskaran Chackrapani Warrier (Expert)
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22 March 2015 Yes that is correct but it comes into force on the date of their publication in the Official Gazette. Till that date compliance is required.

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